Why use an agent to buy a new home?
What you don’t know about buying a new home from a builder could cost you thousands. The purchase of a home is one of the most complicated, high-risk, and expensive transactions a person will ever endure. Yet, there are many homebuyers today that find themselves at the closing table without necessary Realtor representation.
Have you ever thought of representing yourself in court instead of hiring an attorney? Or have you ever thought of treating an illness yourself instead of hiring a skilled doctor? The difference here is that there is no additional charge to you when you hire a Realtor to represent your interests when purchasing a new construction home. Builders have a single price policy, meaning you will be charged the same price whether or not your interests are represented by an Agent. Just as in any resale, the Seller pays your Agent’s fee. Therefore, there is no financial advantage to buy directly from the builder. The benefits of having an agent represent you when buying a brand new home are identical as those when purchasing a pre-owned home. The advantages to you as a new home buyer are:
Knowledge of the current market
Assistance in locating your dream home quickly
Understanding complex builder contracts
Experience with builder negotiation procedures
Negotiate the lowest possible sales price
Comprehension of builder mortgage financing processes
Represent your primary interests throughout every phase of the
Ability to resolve potential conflicts between you and the builder
Knowledge of builder promotions and concessions. This equates to thousands of dollars off the existing sales price. (Builders will not automatically provide buyers this information when they buy without an agent.) The builder has on-site sales representatives who watch out for the builder’s best interests. They are friendly, helpful and quick to
hand out plenty of cookies and lemonade, but their job is to sell you a home at the highest price and under the best terms for the builder. Because buying a new home can be more difficult than buying a pre- owned property, we have the experience, familiarity, and skill to help you navigate through potentially turbulent builder procedures.
As a home buyer, it is very important that your interests be
professionally represented when entering into a legally binding builder
contract for any builder constructed home. These transactions are
intricate and the contract details must be exact in order to protect you
and to ensure you get exactly the home you want.
In our current, fast-paced real estate market, there are hundreds of new home communities from which to choose. You need to ask yourself some pertinent questions before you start house hunting:
1. Is this a reputable builder?
2. Does he have a solid reputation?
3. How many years in business?
4. How many homes has he built?
5. How does the quality of his product compare to that of other builders?
6. Has the builder had any homeowner complaints? If so, what are they?
7. What comes with the house?
8. How do builder models meet your needs (floor plans, square footage, and
9. What can I expect to pay for upgrades?
10. If I sell in a few years, what upgrades should I include to be competitive?
When you find the answers to these questions, ask yourself if the time spent in researching these answers was time well spent - put a dollar value on your time. Real estate professionals can be a valuable asset in collecting information in areas which may affect your decision on the purchase of a new home.
If builders rely on real estate professionals to sell their homes, then why wouldn’t you?
To hire a realtor who is knowledgeable and experienced in the new home market sector, talk to the Dallas Luxe Homes Team first by calling (817) 409-6400.